Rates continue to remain ‘well above’ historic low levels Average annuity rates continued to rise in the third quarter of 2023 Q3, according to the Standard Life annuity rate tracker. The tracker, developed by Standard Life, part of Phoenix Group, monitors current average annuity rates across the market for those annuitising at ages 60, 65, and 70. It also shows …
Second-hand annuities – Pro’s and Con’s
The government has stated that from 2017 pensioners will be able to sell their annuities for a lump sum. This would extend pension freedoms to those who’ve already bought a guaranteed income. But can it really work? We wonder… When pension freedom arrived in April 2015, many people missed out. Those who had already bought a guaranteed income no longer …
Five reasons to buy a pension annuity
After a lifetime accumulating pension savings, you reach the point when those savings must provide a regular income for your retirement. Recently the options have become much broader, but the most traditional route – the annuity – is refusing to go quietly. Here’s why. Consider your pension fund, built up over a working lifetime. On retirement, you could simply draw …
FTSE slides to 6,100
FTSE slides to 6,100 as eurozone deflation fears mount The FTSE 100 tumbled again following yesterday’s violent sell-off, as the latest eurozone inflation data revealed deflationary risks show no signs of receding. The UK blue-chip index dropped 108 points or 1.7% to 6,104. Yesterday the index shed 181 points, or 2.8%. http://cdn.citywirecontent.co.uk/images/2012/06/11/595079-System__Resources__Image-661948.jpg The latest economic data from the eurozone show inflation fell …